IFP Advisors Inc Boosts Stake in Capital One Financial Corporation $COF

Key Points

• IFP Advisors Inc increased its stake in Capital One Financial Corporation by 311.1% during the second quarter, owning a total of 11,142 shares worth approximately $2.41 million.
• Several hedge funds, including Moisand Fitzgerald Tamayo LLC and Olistico Wealth LLC, have also significantly increased their investments in Capital One, highlighting a trend of institutional interest with 89.84% of the stock held by institutional investors.
• Wells Fargo raised its price target for Capital One shares from $225.00 to $265.00, assigning an "overweight" rating amid a generally positive outlook from analysts, reflecting a consensus price target of $252.78.

IFP Advisors Inc raised its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 311.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,142 shares of the financial services provider's stock after purchasing an additional 8,432 shares during the quarter. IFP Advisors Inc's holdings in Capital One Financial were worth $2,412,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. WPG Advisers LLC purchased a new stake in Capital One Financial in the 1st quarter worth about $25,000. Moisand Fitzgerald Tamayo LLC increased its stake in Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock worth $26,000 after buying an additional 62 shares during the period. Olistico Wealth LLC increased its stake in Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock worth $26,000 after buying an additional 101 shares during the period. Saudi Central Bank purchased a new position in Capital One Financial in the 1st quarter worth about $27,000. Finally, RMG Wealth Management LLC purchased a new position in Capital One Financial in the 2nd quarter worth about $27,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock valued at $5,103,824 over the last 90 days. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on COF shares. Wells Fargo & Company raised their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. HSBC set a $218.00 price target on shares of Capital One Financial and gave the stock a "hold" rating in a research note on Friday. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Capital One Financial in a research note on Wednesday. Robert W. Baird raised their price target on shares of Capital One Financial from $240.00 to $245.00 and gave the stock an "outperform" rating in a research note on Thursday, October 2nd. Finally, Truist Financial raised their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Capital One Financial has an average rating of "Moderate Buy" and a consensus price target of $252.78.

Capital One Financial Trading Down 4.0%

NYSE COF opened at $202.37 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $129.42 billion, a price-to-earnings ratio of 103.78, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. The company's 50-day simple moving average is $219.02 and its two-hundred day simple moving average is $202.11. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The company's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period last year, the business posted $3.14 EPS. Equities analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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